Less than twenty-four hours after announcing the closing of its purchase of an Ohio assembly plant from Lordstown Motors, Foxconn and its partner Fisker Inc. announced the facility will soon be home to production of the latter’s upcoming PEAR EV. We first learned of Project PEAR, an acronym for Personal Electric Automotive Revolution, in February… Continue reading Foxconn wastes no time announcing Fisker PEAR will be built at newly acquired Lordstown plant
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Rivian issues recall for R1T electric truck over faulty airbag sensors
Rivian is recalling some of its R1T electric pickup trucks over faulty airbag systems, according to a notice filed with the National Highway Traffic Safety Administration (NHTSA). The vehicle’s sensors in the front seat may not deactivate the airbag when a child occupies the front passenger seat, necessitating the recall. The recall covers 502 R1T… Continue reading Rivian issues recall for R1T electric truck over faulty airbag sensors
EV company Lordstown completes $230 million sale of its Ohio factory to Foxconn
Struggling EV company Lordstown completed the sale of its Ohio factory to Foxconn, the Taiwanese company that assembles Apple’s iPhone. The factory, which sold for $230 million, will now become the site of a joint venture between the two companies. The deal was originally set to close last month, but Lordstown kept pushing back the… Continue reading EV company Lordstown completes $230 million sale of its Ohio factory to Foxconn
Tesla asks Panasonic to speed up development of its 4680 battery cell
Tesla has asked Panasonic to speed up its development of the 4680 battery cell, which is going to power its next-gen electric vehicles. The Japanese manufacturer is reportedly still looking for a location for a US factory. Back in 2020, Tesla unveiled its 4680 battery cell, a new tab-less battery cell in a bigger format with… Continue reading Tesla asks Panasonic to speed up development of its 4680 battery cell
Rivian lost $1.59 billion and delivered 1,227 electric trucks in the first quarter of 2022
Rivian, the buzzy electric vehicle company backed by Ford and Amazon, reported a net loss of $1.59 billion in the first quarter of 2021 based on $95 million in revenue. The company said it delivered 1,227 vehicles to customers during the past three months, bringing its total number of deliveries to 2,148. Rivian said it… Continue reading Rivian lost $1.59 billion and delivered 1,227 electric trucks in the first quarter of 2022
Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …
The chairman of Vietnam’s Vingroup conglomerate said on Wednesday that an initial public offering (IPO) for the company’s auto unit, VinFast, may be delayed until next year due to market uncertainty. The IPO is currently slated for the fourth quarter of this year. Vingroup Chairman Pham Nhat Vuong also told the company’s annual general meeting the… Continue reading Vietnam’s Vinfast says IPO may be delayed to 2023 due to market uncertainty …
Ford F-150 Lightning first drive: quiet storm
I am driving a pickup truck through Texas hill country. The buzzards are circling overhead, the road is empty as a moonlit prairie, and all’s right with the world. Or at least it should be. There is a noticeable lack of engine noise coming from under the hood of my truck. That’s because there is… Continue reading Ford F-150 Lightning first drive: quiet storm
Canoo warns it may not have enough funds to bring EVs to market
Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5% Tuesday, fell another 17.5% in after-market trading following the release of its earnings. It has since recovered and is now down more… Continue reading Canoo warns it may not have enough funds to bring EVs to market
Tesla recalls 130,000 vehicles due to CPU overheating, but the fix is again a software update
Tesla issued a new recall affecting almost 130,000 2021 and 2022 vehicles over a problem regarding the CPU of the center screen’s computer overheating. The good news is that the fix is again an over-the-air software update. The automaker has detected a problem where the center display may become laggy due to CPU overheating when… Continue reading Tesla recalls 130,000 vehicles due to CPU overheating, but the fix is again a software update
EV startup Canoo is running out of cash and doubtful about its future
Canoo, the struggling electric vehicle startup, thinks it’s about to run out of money. In stark terms, the company reports that it only has enough cash to last another quarter and is unsure whether it will be able to stay afloat beyond that. “As of the date of this announcement, we are reporting that there… Continue reading EV startup Canoo is running out of cash and doubtful about its future